Mirae Asset Venture Investment Expects Over 5x Return as CMTX Surpasses 1 Trillion Won on First Trading Day

Mirae Asset Venture Investment announced on November 21 that CMTX, a key supplier of consumables for semiconductor etching processes, is expected to benefit after joining the "1 Trillion Club" by attracting significant attention from investors on its first day of listing.

Mirae Asset Venture Investment invested approximately 8 billion won in CMTX, with an acquisition price of around 25,000 won per share, securing a multiple of more than five times on the very first day of listing.

CMTX maintains a first-tier partnership with Samsung Electronics and has also been selected as the first and only primary supplier to TSMC in Korea, directly supplying etching parts to the 2-3nm advanced process mass production lines. Industry insiders have evaluated this by saying, "CMTX is recognized as a partner capable of responding to the most advanced global processes, going beyond a simple materials company." This status has led to expectations that CMTX could surpass Hanamaterials, previously regarded as the market leader, and rise to become a company comparable to TCK, which has a market capitalization of around 1.8 trillion won.

Industry experts also note, "The core parts market for etching processes is rapidly shifting toward the aftermarket, and CMTX is leading this structural change."

Meanwhile, Mirae Asset Venture Investment is raising expectations for its fourth-quarter and next year's performance as the IPO schedules for its major portfolio companies, starting with CMTX, continue through December. The public subscription schedules for major portfolio companies are as follows: Teraview from November 21 to 24, Semifive from December 5 to 8, and Livesmed from December 15 to 16.

In particular, Mirae Asset Venture Investment is expected to see significant gains from the listing of Semifive, where it became the second-largest shareholder after making its first investment in 2019 at a valuation of 23.5 billion won and has since invested a total of 36.3 billion won.

Additionally, expectations are rising as a series of IPOs for companies in the AI industry value chain are scheduled for next year. These include Upstage, which develops large language models (LLMs); Rebellions, which develops AI semiconductors using NPUs (Neural Processing Units); and Moloco, a machine learning-based AI ad tech company.

There is a growing outlook that, as the IPOs of these portfolio companies accelerate, Mirae Asset Venture Investment could see strong performance momentum in the second half of this year and into next year.